Crossmark Global Holdings Inc. Increases Stock Position in PVH Corp. (NYSE:PVH)

Crossmark Global Holdings Inc. raised its stake in shares of PVH Corp. (NYSE:PVH - Free Report) by 13.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,400 shares of the textile maker's stock after purchasing an additional 4,991 shares during the period. Crossmark Global Holdings Inc. owned 0.08% of PVH worth $4,276,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Blair William & Co. IL lifted its holdings in PVH by 2.9% in the 1st quarter. Blair William & Co. IL now owns 3,311 shares of the textile maker's stock valued at $466,000 after purchasing an additional 92 shares in the last quarter. Signaturefd LLC lifted its stake in shares of PVH by 6.7% in the second quarter. Signaturefd LLC now owns 1,713 shares of the textile maker's stock worth $181,000 after buying an additional 107 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in PVH by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 2,495 shares of the textile maker's stock worth $264,000 after acquiring an additional 108 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in PVH in the 1st quarter valued at about $26,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of PVH by 116.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 424 shares of the textile maker's stock valued at $43,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company's stock.

PVH Price Performance

Shares of PVH traded down $0.56 during trading hours on Tuesday, reaching $101.82. 130,884 shares of the company traded hands, compared to its average volume of 842,096. The stock has a fifty day simple moving average of $97.35 and a 200 day simple moving average of $104.05. PVH Corp. has a fifty-two week low of $75.23 and a fifty-two week high of $141.15. The stock has a market capitalization of $5.68 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.94 and a beta of 2.11. The company has a quick ratio of 0.66, a current ratio of 1.24 and a debt-to-equity ratio of 0.32.

PVH (NYSE:PVH - Get Free Report) last announced its earnings results on Tuesday, August 27th. The textile maker reported $3.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.72. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.07 billion. PVH had a net margin of 8.37% and a return on equity of 13.94%. PVH's revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.98 earnings per share. As a group, research analysts predict that PVH Corp. will post 11.66 EPS for the current fiscal year.

PVH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH's payout ratio is 1.19%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Guggenheim cut their target price on PVH from $120.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Wells Fargo & Company dropped their price target on shares of PVH from $145.00 to $130.00 and set an "overweight" rating for the company in a research note on Wednesday, August 28th. BMO Capital Markets decreased their price objective on shares of PVH from $119.00 to $106.00 and set a "market perform" rating for the company in a research note on Wednesday, August 28th. TD Cowen dropped their price target on PVH from $149.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Finally, Telsey Advisory Group reduced their price objective on PVH from $140.00 to $130.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.53.

PVH Profile

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.